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Eudcation Finance Reform and Investment in Human Capital : Lessons from California

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  • Fernandez, Raquel
  • Rogerson, Richard

Abstract

This paper examines the effect of different education financing systems on the level and distribution of resources devoted to public education. We focus on California, which in the 1970's was transformed from a system of mixed local and state financing to one of effectively pure state finance and subsequently saw its funding of public education fall between ten and fifteen percent relative to the rest of the US.

Suggested Citation

  • Fernandez, Raquel & Rogerson, Richard, 1997. "Eudcation Finance Reform and Investment in Human Capital : Lessons from California," Working Papers 97-21, C.V. Starr Center for Applied Economics, New York University.
  • Handle: RePEc:cvs:starer:97-21
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    References listed on IDEAS

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    More about this item

    Keywords

    EDUCATION ; EDUCATIONAL FINANCING ; EDUCATIONAL POLICY ; PUBLIC GOODS;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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